U.S. Auto Sales Plummet to 5-Year Low Amid Tariff Crisis
ByFinaGuru
Wednesday, Jun 4, 2025 5:22 am ET1min read
The U.S. automotive market has experienced its lowest sales figures in five years due to Trump's tariff policies. Sales dropped by 160,000 units in May, with a total of 1.565 million units sold. The tariffs have driven up prices of new vehicles, increased maintenance and insurance costs, and boosted demand for used cars, exacerbating inflationary pressures.
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